#IsraelIranConflict The recent U.S. bombing of Iranian nuclear facilities generated an initial correction in the crypto market. Bitcoin dropped nearly 3%, hitting lows around $98,000–$100,000, and most altcoins recorded declines between 6% and 10% within a few hours.
However, this reaction was brief. In the following days, the market regained ground: the price of Bitcoin surpassed $100,000–105,000 again, and Ethereum gained between 5–7%, while XRP and Solana rose even more (7–9%) following signs of a possible ceasefire.
1. Typical "risk-off" reaction: At the initial scale, investors detached funds from risk assets, causing abrupt sales and massive liquidations (over $1B in long positions).
2. Quick recovery: Speculations about a ceasefire or contained escalation reversed the panic, driving a rebound of nearly +5% in Bitcoin and up to +9% in altcoins like XRP.
3. Bitcoin is not a perfect safe haven: Its behavior remains correlated with risk assets, as shown by the sales during tension and the subsequent recovery alongside stocks and energy.